Title: Big data and the internet of things as milestones of development of international trade in hi-tech markets based on intellectual machines: financial barriers and solutions to overcome them

Authors: Anna V. Bodiako; Svetlana V. Ponomareva; Tatiana M. Rogulenko; Sergei V. Shkodinsky

Addresses: Department of the Audit and Corporate Reporting at the Faculty of Taxes, Audit and Business Analysis, Financial University under the Government of the Russian Federation, 125167, Moscow, Russian Federation ' Department of Control and Audit, St. Petersburg State University of Economics, 191023, St. Petersburg, Russia ' Department of Accounting, Audit and Taxation, State University of Management, 109542, Moscow, Russia ' Department of Industrial Policy and Economic Security, Institute of Market Problems of the Russian Academy of Sciences, 117418, Moscow, Russia; Department of Economic and Financial Education, Moscow Region State University, 141014, Mytishchi, Russia

Abstract: This paper aims to determine clear target milestones of the progress of big data and the Internet of Things for the development of international trade in hi-tech markets and to determine financial barriers on the path of distribution of intellectual machines and solutions to overcome them. The originality of this paper consists in the following: attention is paid to a new, insufficiently studied, aspect of managing the development of international trade in hi-tech markets based on intellectual machines. Proposed recommendations on overcoming the financial barriers to dissemination of Big Data and the Internet of Things will allow achieving progress of international trade in hi-tech markets based on intelligent machines in developed countries up to 10.16th position (by 95.98%) and in developing countries up to 6.17th position (by 62.385%).

Keywords: aid for trade; international trade; global market; economic empowerment; manufacturing innovation; industrial innovation; inclusive innovation; intellectual machines; big data; internet of things; financial barriers.

DOI: 10.1504/IJTGM.2023.135602

International Journal of Trade and Global Markets, 2023 Vol.18 No.2/3, pp.195 - 206

Received: 22 Dec 2020
Accepted: 22 Apr 2021

Published online: 19 Dec 2023 *

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